Trade Desk insider trading case likely to be settled in plea deal
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Updated: AeroVironment commits $100M to new Moorpark campus
Despite relocating its corporate headquarters five years ago, AeroVironment is committed to growing in California, more specifically the Central Coast. AeroVironment doubled down on its Ventura County presence Aug. 24, announcing a $100 million investment in a unified, company-owned campus across approximately 20 acres in Moorpark. The campus will bring together capabilities from five leased Read More →
Robert East joins Merrill Lynch to lead Central Coast ops
Merrill Lynch has named Robert East as its senior market executive for the Valley Coast market, according to an Aug. 8 press release. East leads a team of 105 financial advisors across seven wealth management offices from San Luis Obispo south to Encino. He oversees approximately $26 billion in assets under management for local Merrill Read More →
VCCU takes a multi-pronged approach to financial education
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Semtech sells off cellular module business for $62M
Camarillo-based Semtech, a provider of Internet of Things products, announced that it is selling off its cellular module business to Compal Electronics for $62 million in cash, according to an Aug. 13 press release. Compal Electronics is a major Taiwanese original design manufacturer founded in 1984. The deal is expected to close in the fourth Read More →
Latigo’s successful IPO boosts Conejo Valley
The success of the Conejo Valley’s burgeoning biotechnology and life sciences scene was boosted after Thousand Oaks-based Latigo Biotherapeutics, in its Aug. 6 initial public offering, raised $345.6 million, exceeding its initial fundraising expectations. Originally, the company expected to offer 16 million shares between $16 and $18 apiece. In the final offering, Latigo sold 19.2 million shares at Read More →
Updated: Teledyne acquires Varex Imaging for $1.1B
This story was updated on Aug. 12. Thousand Oaks-based Teledyne Technologies made one of the largest acquisitions by a Central Coast-based company this year when it announced it would be purchasing Varex Imaging for $1.1 billion in an effort to increase its exposure in the health care market. Teledyne announced Aug. 10 that it would acquire all of Read More →
